Aircraft Pump Market: Summary
The Global Aircraft Pump Market is estimated to reach USD 5.8 Billion in 2024 at a CAGR of 6.6%, Predicts Forencis Research (FSR). Rising demand for ejector pumps and increasing demand for aircraft piston pump expected to drive the market during next five years. However, high maintenance cost act as a restraining factor for this market during the forecast period. Highly adoption of unmanned aerial vehicles (UAVs) and growing demand for fluid power technology is identified as an opportunity for this market.
Aircraft pumps is a type of fuel system which is used to transfer fuel to engine before the engine operates. All types of aircraft service provider use fuel pump system to generate initial power from engines. The pump is divided into fixed and variable displacement pumps. Light weight pumps are used in aircrafts to enhance fuel efficiency.
Some key players of the market Honeywell International Inc., PARKER HANNIFIN CORP, Eaton Corporation PLC, CRANE AEROSPACE & ELECTRONICS, Triumph Group., Woodward, Inc., Crissair, Inc., AeroControlex. and Woodward, Inc. among others.
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